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A John Galt Running for Congress: NRB Interviews Republican Candidate for Congress Stephen Bailey

Posted on October 18 2010 2:00 pm

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Stephen Bailey

Stephen Bailey is currently running for congress in the second district of Colorado as the Republican nominee. He has served in the Air Force and was recognized Airman of the Year in 1983. He also has a bachelor’s and master’s degrees in Computer Science from Chapman University. He is a former small business owner and successful businessman. He currently lives in Niwot with his wife and their 3 children. NewsReal Blog interviewed him recently to shed more light on his views.

NRB: First off, what prompted you to run for congress?

Stephen Bailey: I’ve always been interested in politics as an armchair observer and commentator. However, the decision to run began in late 2008 when the TARP bailout legislation was first brought to a vote. I was on a business trip in Europe and celebrated when the bill was defeated. When Congress and President Bush signed the TARP bailout two weeks later, against the wishes of the American public, it initiated the chain of events that led to the creation of the Tea Party movement and my resolve to not allow my country, my freedom and my families freedom to be destroyed. The resolve accelerated over the next year as President Obama and the Democrats rammed one tyrannical bill after another down our throats, engorging themselves and their political cronies in an orgy of spending that is bankrupting America.

NRB: There is a political effort underway to repeal ObamaCare. How pressing is it, and how much of priority is it going to be for you to repeal ObamaCare if you are elected in congress?

SB: The majority of Americans want ObamaCare repealed. Unfortunately, Obama will veto any attempt to repeal it. Although a huge tsunami will bring huge wins for Republicans on November 2nd, it won’t be enough to provide veto-proof majorities in both the House and Senate. Therefore, the next Congress will need to work on piece-meal repeal of ObamaCare and starving funds to delay implementation of it.

It is a priority for me. But, there is much damage to be undone and much trust and confidence that the Republicans must create with all Americans.

NRB: What other controls do you think the GOP should prioritize in repealing?

SB: The tremendous burdens on the economy must be lifted. Regulatory compliance is estimated to cost $1.75 trillion a year! A prototypical example of these costs is the Dodd-Frank financial regulation bill. That bill should be repealed and Fannie Mae and Freddie Mac liquidated to restore the mortgage industry to the private sector. The financial industry must be completely deregulated with adequate notice to every American so they can prudently assess where and how their assets are invested.

Congress must reform its procedures. Each chamber is solely responsible for their procedures and Obama has no control over them. Fundamental reform is required to discourage, not encourage, corruption. Single subject legislation, enumeration of constitutional authority for legislation, elimination of the reconciliation process, elimination of earmarks and budgetary reform starting with zero-based budgeting and eliminating all mandatory spending by requiring a recorded vote for every dollar appropriated.

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